Retirement — Private Sector
About this plan
A Profit Sharing Plan lets employers make discretionary contributions to employees' retirement accounts based on company performance. Contributions are tax-deductible for the employer and tax-deferred for participants. NBS handles plan design, compliance testing, and annual filings.
What's Included
For Employers
Profit sharing gives you flexibility to reward employees when the business performs well — without committing to fixed contributions. NBS designs the allocation formula and handles all testing and filings.
For Participants
Your employer contributes to your retirement account based on company performance. These contributions grow tax-deferred and are yours when you vest.
IRS Contribution Limits
Annual limits set by the IRS for tax-advantaged retirement contributions.
Elective Deferral Limit
All eligible employees
Age 50+ Catch-Up Contribution
Employees age 50 and older
Available if your plan permits.
Super Catch-Up Contribution
Employees ages 60–63 (SECURE 2.0)
Available if your plan permits.
Maximum Annual Additions
All contributions combined (employer + employee)
Age 50–59 & 64+
$32,500
Base $24,500 + catch-up $8,000
Ages 60–63 (SECURE 2.0)
$35,750
Base $24,500 + super catch-up $11,250
Combined totals assume your plan permits the applicable catch-up.
Catch-up contributions are plan-optional — your plan document governs which are available. Limits updated annually by the IRS. SECURE 2.0 super catch-up (ages 60–63) continues for 2026. View on IRS.gov →
NBS administers more than Profit Sharing Plans
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also be interested in these related plans.
